The module represents an introduction to the economic way of thinking, with a primary focus on macroeconomic models that facilitate an understanding of the key economic issues that confront managers in a modern business context. On completion of the module the student should be capable of analysing, understanding and reporting on the key issues that influence the economic environment within which a company operates. In addition the student should be confident in presenting a critical analysis based on their understanding of the broader macro -economic environment and from critically reading, challenging and communicating on economic publications at various levels of complexity. It should be noted that the module does not attempt to provide a deep technical analysis of all macro-economic concepts.
Introduction to macro-economics
Methods of measuring economic activity
Circular Flow and National Accounts
Income determination. Multiplier. Business Cycle
Fiscal Policy
Aggregate Demand /Aggregate Supply, Inflation
Money, Creation of Money, Central Banks, Money Supply
Interest Rates, Monetary Policy
International Trade, Balance of Payments
Exchange Rate Systems
Unemployment
Objectives of macroeconomic policy
A variety of methods will be used including inter-active teaching, applied project work, case studies and use of online material. There is a heavy emphasis on setting the context for discussions and capturing the economic news of the day both in Ireland and globally
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Other Assessment(s) | 100 |